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February ethylene contracts settle in US

by ChemOrbis Editorial Team -
  • 03/03/2017 (12:10)
According to market sources, February ethylene contracts have been settled in the US. Ethylene contracts settled up 2.25 cents/lb ($49.5/ton) from January at 35.75 cents/lb ($788/ton).

The size of the increase in February contracts was in line with the market expectations, which were calling for an increase of 2-4 cents/lb ($44-88/ton).

The rise was attributed to the planned and unplanned outages in the US Gulf Coast, which started in January.

In the US, spot ethylene prices were reported at around 28 cents/lb ($617/ton), down 1.5 cent/lb ($33) from a week earlier and by 8 cents/lb ($176/ton) from early February.
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